Understanding the national budget

The Namibian youth have been implored to take great interest in the national budget processes.

23 April 2019 | Education

Many young people are not interested in Namibian politics. They appear disillusioned with politics and don’t even show an interest in the national budget, which has a huge impact on their lives.

“It is very important for young Namibians to show interest in politics,”

Hessen Ashipala, a youth activist said.

He further said that the national budget is very important for the youth because it has an impact on their future.

According to the citizen’s guide for the national budget, the budget is a financial plan that details how the government intends to raise money and how it intends to spend it.

The budget covers the financial year, which in Namibia runs from April 1 to March 31 of any given financial year, consisting of 12 months.

The major recipients of funds in the 2019/20 budget are the Ministry of Education, Arts and Culture, which is to be allocated N$13.7 billion, the Ministry of Finance, which is to receive N$10.8 billion, the Ministry of Health and Social Services, with an allocation of N$6.8 billion, the Ministry of Defence, which is set to receive N$5.9 billion, and the Ministry of Safety and Security, for which N$5.5 billion is earmarked.

Crucial

The national budget is important since it plays a crucial role in providing the necessary financial resources to the government to spend on the implementation of its national development goals.

The new budget is focused on the following six themes:

• Maintaining pro-growth fiscal consolidation: making impact where is

matter.

• Strengthening macroeconomic fundamentals and rebuilding fiscal

sustainability.

• Supporting inclusive growth and economic diversification.

• Contributing to the eradication of poverty and the improvement of social

welfare.

• Further contributing to reduction of income inequalities and achieving

shared prosperity.

• Delivering timely, reliable and affordable public services and meeting

government contractual obligations.

According the citizens’ guide, the government mobilises financial resources in different ways in order to attain the above-mentioned national development aspirations.

During an interview with finance minister Calle Schlettwein at a PWC Budget Review dinner, he explained that a lot of factors are considered before drafting a budget.

“The first criteria our ministry looks at is how much money is available. We also look at how much revenue we collected and how it could be distributed.

Secondly, we look at how much we can borrow. Once you have those two factors in check, then you will know what your total envelope is,” he said.

He continued by adding that the budget looks at the country’s most immediate needs.



Education

Basic and higher education will, as usual, receive the bulk of government’s money and have been allocated N$12.5 billion and N$3.1 billion respectively.

Among educational institutions, the University of Namibia was allocated

N$912 million during 2019/20, compared to N$960 million in 2018/19, while the Namibia University of Science and Technology will receive N$500 million – N$100 million less than the N$600 million the institution received in the 2018/19 financial year.

“A decrease is always a problem for an institution because each institution has an academic lifestyle it needs to maintain. What the budget does is it allows us to reach a certain standard of quality but when it keeps fluctuating it is hard to maintain consistency in quality, resulting in such poor ranking institution outside Namibia,” Kudzai Sibanda, current SRC president of the University of Namibia (Unam) said. Sibanda added privately-funded students more, especially those who owe Unam, may only fear that institutions might use the budget as an excuse to not allow all students to write examination.

Shoki Kandjimi says higher education plays an important role and should be given priority as well.

He further added that budget cuts can never be positive because institutions struggle to make ends meet.

“An institution such Namibia University of Science and Technology (Nust), it relies on the budget allocation and when the budget is cut, the equipment needed to improve the quality of education will be affected,” he says.

Similar News

 

Long wait for Nust students

46 minutes ago | Education

STAFF REPORTERWINDHOEKThe Namibian University of Science and Technology (Nust) says students will not be able to return to campus before 3 August.Under stage three of...

Pupils in God's hands

1 day - 04 June 2020 | Education

ILENI NANDJATOOMUNGWELUMEWhile learners at Omungwelume Senior Secondary School squat in shacks due to an incomplete hostel, their principal has placed the situation in God's hands.“They...

Let's be positive – Steenkamp

1 day - 04 June 2020 | Education

STAFF REPORTER WINDHOEK The executive director in the ministry of education, Sanet Steenkamp, yesterday encouraged teachers and learners to be positive, saying that...

Northern schools turn learners away

1 day - 04 June 2020 | Education

ILENI NANDJATO OSHAKATI Some schools in the northern regions have turned learners away, claiming they are not fit to house them. The...

Indemnity forms a matter of trust

2 days ago - 03 June 2020 | Education

OGONE TLHAGEWINDHOEKWith some learners expected to return to schools today, education ministry executive director Sanet Steenkamp says parents will have to trust that schools have...

No statistics on Angolan learners in Namibia

2 days ago - 03 June 2020 | Education

ILENI NANDJATOEENHANAThe Ohangwena directorate of education is struggling to establish how many Angolan children attend school in the region.Regional education director Isak Hamatwi says the...

N$58 million to clean schools

2 days ago - 02 June 2020 | Education

Of more than 340 senior secondary schools across the country, the majority are ready to receive their learners.According to education executive director, Sanet Steenkamp, at...

Battle over Andimba hostels

1 week ago - 29 May 2020 | Education

ILENI NANDJATOONDANGWAThe leadership of Andimba Toivo Ya Toivo Senior Secondary School at Ondangwa is unhappy with Oshana education director Hileni Amukana, who is allegedly blocking...

Schools wary of coronavirus

1 week ago - 28 May 2020 | Education

ILENI NANDJATO ONGWEDIVA Oshana education director Hileni Amukana says there are fears that too much contact between teachers and parents might transmit the...

Learners to be taught in smaller groups

1 week ago - 27 May 2020 | Education

NAMPA KHORIXASLearners will be divided into smaller groups for teaching when schools reopen on 3 June, education ministry executive director Sanet Steenkamp has said. ...

Latest News

More details emerge of bribery...

46 minutes ago | Justice

OGONE TLHAGEWINDHOEKThe money trail in the Fishrot saga was further unravelled yesterday when Anti-Corruption Commission (ACC) investigator Willem Olivier testified that money had been paid...

EFN speaks on media assaults,...

46 minutes ago | Disasters

Staff ReporterWINDHOEKThe Editors' Forum of Namibia (EFN) has taken exception to the ever-increasing government practice of allowing only state-owned media institutions at certain public engagements,...

Kapana seller claims police brutality

46 minutes ago | Police And Crime

MICHELLINE NAWATISESWINDHOEKDavid Shambo (50), who sells kapana from his home in Windhoek's Havana informal settlement, claims he was the victim of police brutality this week.According...

Press becoming an endangered species

46 minutes ago | Opinion

“I disapprove of what you say, but I will defend to the death your right to say it.”With those powerful words, French philosopher Voltaire was...

Confessed killer pleads not guilty

46 minutes ago | Justice

KENYA KAMBOWERUNDUCastro Domingo (34), who had previously confessed to having killed and buried his girlfriend two years ago, yesterday pleaded not guilty in the Rundu...

Drugs worth N$3.4m seized, 159...

46 minutes ago | Crime

ELLANIE SMITWINDHOEKDrugs worth more than N$3.46 million were seized in May and 159 suspects were arrested on drug-related charges.According to the police 140 of those...

Long wait for Nust students

46 minutes ago | Education

STAFF REPORTERWINDHOEKThe Namibian University of Science and Technology (Nust) says students will not be able to return to campus before 3 August.Under stage three of...

Sharing the gospel through music

46 minutes ago | Art and Entertainment

MICHAEL KAYUNDE WINDHOEKHaving been active on the gospel music scene in different capacities, including event organising and being part of choirs, since 2015, Spazza &...

tjil introduces new platforms

46 minutes ago | Art and Entertainment

MICHAEL KAYUNDE WINDHOEKIn efforts to offer more platforms to Namibian entertainers, Namibia Media Holdings (NMH), through its publication Namibian Sun, will tonight launch tjil Sessions...

Load More